Dar es Salaam. The Governor of the Bank of Tanzania (BoT), Mr Emmanuel Tutuba, has announced that the new Tanzanian shilling banknotes, bearing the signatures of Finance Minister, Dr Mwigulu Nchemba, and himself, will enter circulation on February 1, 2025.
The banknotes, which retain the 2010 series design, were officially handed over to the Finance Minister in a ceremony held at the Ministry’s Sub-Offices in Dar es Salaam on Wednesday, January 22.
“Honourable Minister, I am pleased to inform you that the exercise of reprinting the banknotes in accordance with the 2010 series has been successfully completed,” said Mr Tutuba.
“We have duly informed the public through a notice published in the Government Gazette.”
The reprinted banknotes, in denominations of Sh10,000, Sh5,000, Sh2,000, and Sh1,000, feature updated signatures to reflect the current officeholders.
While the security features, size, colour and overall design remain consistent with the 2010 series, the signature of the former Minister of Finance, now Vice President Dr Philip Isdor Mpango, has been replaced with that of Dr Nchemba.
Additionally, the signature of the former BoT Governor, Prof Florens Luoga, has been substituted with that of the current Governor, Mr Emmanuel Tutuba.
Mr Tutuba assured Mr Nchemba that the newly reprinted notes will circulate alongside the existing ones.
“The public can continue to use the current banknotes, as the new ones are introduced gradually into the system,” he added.
In his remarks, Dr Nchemba expressed gratitude to President Samia Suluhu Hassan for facilitating the reprinting process and lauded the BoT for overseeing the exercise with precision and professionalism.
“This achievement is a testament to the high calibre of expertise within our financial institutions. It reflects the nation’s commitment to upholding the integrity of its currency and financial system,” said Dr Nchemba.
The Finance Minister also approved the introduction of the reprinted banknotes into circulation as scheduled, reaffirming the government’s dedication to maintaining robust monetary practices.
The updated notes are expected to bolster public confidence in the country’s currency and ensure seamless transactions in the economy.
